📖 History⏱ 10 min read
History of gold in Switzerland
From the gold standard to neutrality: why Switzerland is the world's vault.
At a glanceSwitzerland's history with gold is rooted in the 19th century. Neutrality and banking stability made Switzerland a magnet for world gold reserves during world conflicts.
The Gold Standard: The Swiss Franc was the last currency in the world partially backed by gold (until 1999). This link has established the CHF as a global safe haven.
Refining Hub: The presence of the four largest refineries in the world (PAMP, Valcambi, Argor, Metalor) in Ticino and the Jura makes Switzerland the absolute lung of the global physical gold trade.